Ticking prime bomb: Fannie Mae's August summary
The Latest release of the indicated that for data through July, total serious single family delinquency continued to declined.
Although this is a notable development particularly in light of the fact that Fannie Mae鈥檚 serious delinquency had been rising for over two years, more data is needed before any conclusions can be drawn as to the trend going forward.
In July, 3.62% of non-credit enhanced loans went seriously delinquent while the level was 11.27% of credit enhanced loans resulting in an overall total single family delinquency of 4.82%.
The following charts (click for larger ultra-dynamic and surf-able chart) show what Fannie Mae terms the count of 鈥淪eriously Delinquent鈥� loans as a percentage of all loans on their books.
It鈥檚 important to understand that Fannie Mae does NOT segregate foreclosures from delinquent loans when reporting these numbers.
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